Thailand's TCC Group to Buy Groupe Casino's Stake in Big C

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

By Nick Kostov in Paris and P.R. Venkat in Singapore Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, marking a major step ...

Argentina Debt Deal Faces Hurdles Despite Bond Offer

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

By Julie Wernau and Taos Turner An end to a stalemate over Argentina's defaulted debt faces a number of hurdles despite the country's new $6.5 billion offer to U.S. bondholders Friday, said people familiar with the matter. An agreement would ...

Why a Business-Tax Overhaul Is So Tricky -- The Outlook

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

By Richard Rubin The last big U.S. tax overhaul is making the next one harder. A sweeping 1986 law invited business owners to avoid the corporate income-tax system and enjoy lower taxes by passing profits through to their individual returns. ...

Thailand's TCC Group to Buy Groupe Casino's Stake in Big C

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

By Nick Kostov in Paris and P.R. Venkat in Singapore Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, marking a major step ...

Thailand's TCC Group to Buy Groupe Casino's Stake in Big C

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

By Nick Kostov in Paris and P.R. Venkat in Singapore Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, marking a major step ...

China's January Foreign-Exchange Reserves Fall for Third Straight Month

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

BEIJING--China's foreign-exchange reserves shrank for the third straight month in January, dropping to the lowest level in more than three years, according to data from the People's Bank of China on Sunday. The foreign-exchange reserves fell by $99.469 billion from ...

Thailand's TCC Group to Buy Groupe Casino's Stake in Big C

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

By Nick Kostov in Paris and P.R. Venkat in Singapore Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, according to people familiar ...

Argentina Debt Deal Faces Hurdles Despite Bond Offer

TODAY: Feb. 7, 2016 PUB DATE: Feb. 7, 2016

By Julie Wernau and Taos Turner An end to a stalemate over Argentina's defaulted debt faces a number of hurdles despite the country's new $6.5 billion offer to U.S. bondholders Friday, said people familiar with the matter. An agreement would ...

Tech Sector Leads Sharp Selloff

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Leslie Josephs U.S. stocks declined broadly Friday, led by a rout in technology shares, capping a week that highlighted investors' concerns about tepid economic growth. Friday's slide came after a U.S. Labor Department report on Friday showed job growth ...

U.S. Move to Expand Nuclear Sanctions on North Korea Angers China

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Jay Solomon in Washington and Josh Chin in Beijing The U.S. Congress is moving swiftly to approve new sanctions on North Korea that would likely entangle Chinese companies as well, adding to growing animosity between Washington and Beijing. Officials ...

Oil-Price Drop Squeezes States

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Mark Peters A deep and prolonged drop in oil prices is increasingly squeezing tax collections in energy-producing states, fueling calls for tax increases and cuts to schools, road projects and other government services. Political fights are brewing in Oklahoma ...

Arcelor Grapples With Glut

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

(FROM THE WALL STREET JOURNAL 2/6/16) By Alex MacDonald and John W. Miller ArcelorMittal, the world's largest steelmaker, said Friday it would issue $3 billion in shares to shore up its finances as it grapples with a global steel glut ...

Foxconn Upbeat On Sharp Deal

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

(FROM THE WALL STREET JOURNAL 2/6/16) By Takashi Mochizuki in Osaka and Wayne Ma in Hong Kong Foxconn Chairman Terry Gou said the Taiwanese iPhone assembler expects to seal a deal to buy troubled electronics supplier Sharp Corp. by the ...

U.S. Move to Expand Nuclear Sanctions on North Korea Angers China

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Jay Solomon in Washington and Josh Chin in Beijing The U.S. Congress is moving swiftly to approve new sanctions on North Korea that would likely entangle Chinese companies as well, adding to growing animosity between Washington and Beijing. Officials ...

China's Central Bank Injects More Cash

TODAY: Feb. 7, 2016 PUB DATE: Feb. 6, 2016

By Lingling Wei China's central bank pumped more short-term funds into the country's financial system on Saturday, as a surge in demand for cash ahead of the Lunar New Year holiday is starting to squeeze banks' liquidity. Wary of a ...